EPAM Systems Inc (EPAM)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,426,250 | 3,106,860 | 2,915,640 | 3,083,150 | 3,091,360 | 2,925,290 | 2,871,970 | 2,830,790 | 2,759,620 | 2,527,990 | 2,359,680 | 2,266,750 | 2,269,480 | 2,092,190 | 2,038,020 | 2,004,720 | 1,912,780 | 1,752,220 | 1,598,340 | 1,507,740 |
| Total current liabilities | US$ in thousands | 821,039 | 681,046 | 602,458 | 658,530 | 644,932 | 613,578 | 584,065 | 682,858 | 747,483 | 727,957 | 684,703 | 683,252 | 763,420 | 632,547 | 522,948 | 463,761 | 465,950 | 414,831 | 365,580 | 389,321 |
| Current ratio | 2.96 | 4.56 | 4.84 | 4.68 | 4.79 | 4.77 | 4.92 | 4.15 | 3.69 | 3.47 | 3.45 | 3.32 | 2.97 | 3.31 | 3.90 | 4.32 | 4.11 | 4.22 | 4.37 | 3.87 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,426,250K ÷ $821,039K
= 2.96
EPAM Systems Inc's current ratio has displayed fluctuations over the years, indicating changes in the company's liquidity position. The current ratio, which measures the company's ability to meet its short-term obligations with its current assets, was at a healthy level of 3.87 as of March 31, 2020, and has generally remained above 3 in the subsequent quarters until reaching a peak of 4.92 on June 30, 2023.
However, from September 30, 2023, to December 31, 2024, the current ratio started to decline gradually, dropping to 2.96 as of December 31, 2024. This decreasing trend suggests a potential weakening in EPAM Systems Inc's short-term liquidity position during the latter part of the analyzed period.
It is important for stakeholders to monitor this trend closely as a declining current ratio may indicate difficulties in meeting short-term obligations and potential liquidity challenges for the company. Further detailed analysis of the company's current assets and liabilities composition may provide insights into the underlying reasons for the observed changes in the current ratio.
Peer comparison
Dec 31, 2024